Economy - overview:
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% in 2011, and 1.5% in 2012. Despite slower growth, in 2011 Brazil overtook the United Kingdom as the world's seventh largest economy in terms of GDP. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchanges markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint. In an effort to boost growth, in 2012 the administration implemented a series of more expansionary monetary and fiscal policies that have failed to stimulate much growth.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Brazil on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2013 information contained here. All suggestions for corrections of any errors about Brazil Economy 2013 should be addressed to the CIA.
$2.362 trillion (2012 est.)
country comparison to the world: 8
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$2.425 trillion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
1.3% (2012 est.)
country comparison to the world: 155
[see also: GDP - real growth rate country ranks ]
$12,000 (2012 est.)
country comparison to the world: 103
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 5.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
27.4%
services:
67.2% (2012 est.)
107.1 million (2012 est.)
country comparison to the world: 6
[see also: Labor force country ranks ]
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
14%
services:
66% (2003 est.)
6.2% (2012 est.)
country comparison to the world: 63
[see also: Unemployment rate country ranks ]
21.4% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 0.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
42.9% (2009 est.)
51.9 (2012)
country comparison to the world: 16
[see also: Distribution of family income - Gini index country ranks ]
18.9% of GDP (2012 est.)
country comparison to the world: 112
[see also: Investment (gross fixed) country ranks ]
revenues: $911.4 billion
[see also: Budget revenues country ranks ]
expenditures:
$846.6 billion (2012 est.)
37.6% of GDP (2012 est.)
country comparison to the world: 59
[see also: Taxes and other revenues country ranks ]
2.7% of GDP (2012 est.)
country comparison to the world: 19
[see also: Budget surplus (+) or deficit (-) country ranks ]
54.9% of GDP (2012 est.)
country comparison to the world: 54
[see also: Public debt country ranks ]
5.5% (2012 est.)
country comparison to the world: 152
[see also: Inflation rate (consumer prices) country ranks ]
7.25% (31 December 2012 est.)
country comparison to the world: 20
[see also: Central bank discount rate country ranks ]
39.4% (31 December 2012 est.)
country comparison to the world: 2
[see also: Commercial bank prime lending rate country ranks ]
$158.3 billion (31 December 2012 est.)
country comparison to the world: 23
[see also: Stock of narrow money country ranks ]
$1.878 trillion (30 November 2011 est.)
country comparison to the world: 11
[see also: Stock of broad money country ranks ]
$2.537 trillion (31 December 2012 est.)
country comparison to the world: 11
[see also: Stock of domestic credit country ranks ]
$1.229 trillion (31 December 2011)
country comparison to the world: 10
[see also: Market value of publicly traded shares country ranks ]
coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
-0.3% (2012 est.)
country comparison to the world: 149
[see also: Industrial production growth rate country ranks ]
-$65.13 billion (2012 est.)
country comparison to the world: 191
[see also: Current account balance country ranks ]
$256 billion (2012 est.)
country comparison to the world: 24
[see also: Exports country ranks ]
transport equipment, iron ore, soybeans, footwear, coffee, autos
China 17.3%, US 10.1%, Argentina 8.9%, Netherlands 5.3% (2011)
$238.8 billion (2012 est.)
country comparison to the world: 22
[see also: Imports country ranks ]
machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics
US 15.1%, China 14.5%, Argentina 7.5%, Germany 6.7%, South Korea 4.5% (2011)
$371.1 billion (31 December 2012 est.)
country comparison to the world: 6
[see also: Reserves of foreign exchange and gold country ranks ]
$405.3 billion (31 December 2012 est.)
country comparison to the world: 27
[see also: Debt - external country ranks ]
$595.9 billion (31 December 2012 est.)
country comparison to the world: 14
[see also: Stock of direct foreign investment - at home country ranks ]
$176.7 billion (31 December 2012 est.)
country comparison to the world: 24
[see also: Stock of direct foreign investment - abroad country ranks ]
reals (BRL) per US dollar -
calendar year
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 11-Mar-13